Yesterday, the trio were taken to the Bukit Mertajam court probably due to a miscommunication, their counsel G. Jaya Prem told The Star.
Early yesterday morning, the three were brought to the Central Seberang Prai district police headquarters in Bandar Perda to assist in investigations.
Jaya Prem said the three had been re-arrested based on a police report made in Penang concerning JJPTR’s scheme.
“Two police reports have been lodged against JJPTR in Penang,” said Penang police chief Commissioner Chuah Ghee Lye.
Chuah said the first report was lodged by an investor who lost RM17,560.
“The second report was lodged by an investigating officer after an investigation showed that JJPTR’s scheme involved investments amounting to RM1.7 billion,” he said.
Meanwhile, police have debunked many of JJPTR’s claims over its founder’s citizenship and how it made money for its investors.
JJPTR had claimed that its founder was a California-born US citizen who had struggled with relative poverty, thus giving him the motivation to start the scheme to “rescue” others in the same predicament.
Bukit Aman Commercial Crime Investigation Department director Commissioner Acryl Sani Abdullah Sani, however, debunked this claim, saying that Lee was a Malaysian citizen.
He said Lee was a Penangite and had even donated RM1 million to his alma mater, Heng Ee High School, in August last year.
JJPTR had also claimed that it was involved a “forex scheme” and members’ money were invested in the foreign exchange market and earned a compounding interest of 1% each day.
However, police investigations had revealed that JJPTR was not involved in any forex trading.
Police also said that there were no signs that JJPTR’s account had been hacked and robbed of US$400 million (RM1.73 billion) as claimed by Lee.
According to a report in The Star, police sources said tens of millions of ringgit could have been transferred overseas by JJPTR, despite Lee’s denial.
On May 3, Lee had refuted allegations that he had transferred some HK$18 million (RM10 million) overseas, saying the accusers were out to “sabotage” him.
Meanwhile, in Kuala Lumpur, JJPTR’s dinner celebration to mark its two glorious years of operation turned out to be a damp affair.
Held at the Berjaya Times Square’s Manhattan Hall, hardly a third of the tables at the second anniversary dinner was taken. Lee had earlier said it would be attended by “1,000 investors”.
In contrast, yesterday’s dinner was a mere shadow of last year’s event where the tables were packed and the event featured an indoor stage with singing and magic performances.
According to sources, the organisers initially wanted to cancel the dinner, but chose not to after realising they would not get a full refund.